Boeing says China not accepting planes over US tariffs

New York: Boeing s CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US China trade war, as the company s shares surged...

New York: Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss.

In a televised interview with CNBC, Boeing Chief Executive Kelly Ortberg said Chinese customers had "stopped taking delivery of aircraft due to the tariff environment," adding that if the halt continued, the aviation giant would soon market the jets to other carriers.

President Trump's trade conflicts with China and other countries loom as a question mark for Boeing, a major US exporter, despite Wednesday's solid results.

Boeing had planned to send around 50 aircraft to China in 2025, said Ortberg, who told the network that the company wouldn't "wait too long" to send the jets to other customers.

"I'm not going to let this derail the recovery of our company, so we'll give the customers an opportunity if they want to take the airplanes," Ortberg said.